Futures Trading Investment Comments
Friday April 8, 2016 Day Trading Stock Index Futures • Treasuries • Forex • Precious Metals • Crude Oil • Grains • Livestock • Coffee • Sugar • Cocoa.
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Thursday April 7th 2016
6:00 PM, South Florida Beach Time
THE SENSATIONAL STOCK AND BOND MARKET
DOW JONES INDUSTRIAL AVERAGE Support should appear near the 17,380.00 to 17,310.00 region.
Resistance should appear near 17,740.00 to 17,800.00 and 17,940.00.
DOW JONES TRANSPORTS
Support should appear near 7601.00 to 7587.00 and the 7513.00 to 7486.00 region.
Resistance should appear near 7675.00 to 7689.00 and 7763.00 to 7777.00.
JUNE E-MINI SP500
Resistance should appear near the 2034.00 to 2042.00 and 2061.00
Support should appear near 2015.00, below that a test of 1996.00 to 1982.00 region is likely.
NASDAQ COMPOSITE
Resistance should appear near 4887.00 and 4915.00 to 4926.00
Support should appear near 4785.00 to 4775.00
JUNE E-MINI NASDAQ 100
Support should appear near 4446.00 to 4425.00 and the 4381.00 to 4370.00 region.
Resistance is at 4503.000 to 4514.00 and 4571.00 to 4582.00
JUNE E-MINI RUSSELL 2000
Resistance should appear near 1096.00 to 1101.00
Support should appear near 1068.00 to 1058.00
JUNE 30 YR BONDS
Resistance should appear near 167-21 and 168-07
Support should appear near 166-21 and 166-07.
JUNE 10 YR NOTES
Resistance should appear near 131-21 and 132-07
Support should appear near 130-12 and 129-21.
THE FRENZIED FOREX FRONT
JUNE DOLLAR INDEX
Resistance should appear near 9526 to 9542 Support should appear near 9445 to 9429 and 9347 to 9316
JUNE JAPANESE YEN
Resistance should appear near 9316 to 9347, beyond that a test of 9429 to 9445 is likely. Support should appear near 9237 and 9156 to 9140
JUNE EURO CURRENCY
Support should appear near 11360 to 11330. Resistance should appear near 11492 and 11637
JUNE SWISS FRANC
Resistance should appear near 10580 to 10630 and 10677.
Support should appear near 10470 and 10360 and 10320.
JUNE BRITISH POUND
Support should appear near 13990 and 13830 to 13770. Resistance should appear near 14067 and 14150 to 14210
JUNE CANADIAN DOLLAR
Resistance should appear near 7638 and 7675 to 7687
Support should appear near 7601 to 7587, below that a trade towards 7513 to 7486 is likely
JUNE AUSSIE DOLLAR Resistance should appear near 7428 to 7414
Support should appear near 7513 and 7551
THE PRECIOUS METALS
JUNE GOLD
Resistance should appear near 1253.0 and the 1268.0 to 1274.0 region.
Support should appear near 1238.0 to 1232.0
MAY COPPER
Resistance should appear 21260 to 21340
Support should appear near 19960 to 19820
MAY SILVER
Support should appear near 1496.0 to 1484.0
Resistance is at the 1529.0 to 1535.0
THE EXCITING ENERGIES
MAY CRUDE OIL
Support should appear near 3743 to 3734 and 3682 to 3663.
Resistance should appear near 3795 to 3806 and 3858 to 3867
JUNE CRUDE OIL
Support should appear near 3867 to 3858 and 3806 to 3795
Resistance should appear near 3909 to 3929 and 3982 to 3992.
JUNE BRENT CRUDE OIL
Support should appear near 3929 to 3909 and 3867 to 3858
Resistance should appear near 4046 to 4056 and 4110 to 4120.
MAY HEATING OIL
Support should appear near 11010 to 10960
Resistance should appear 11530 and 11640 to 11690
MAY UNLEADED GAS
Support should appear near 13830 to 13770
Resistance should appear 14150 to 14210 and 14370
MAY NATURAL GAS
Support should appear near 1.996 to 1.982 and 1.953 to 1.946 Resistance should appear near 2.034 to 2.042 and 2.080 to 2.089
THE GRANDE’ GRAINS
MAY SOYBEANS
Support should appear near 896 ½ to 893 ½ and 887 ¼ to 885 ¾
Resistance should appear near 906 then 910 and the 914 to 915 ¾ region.
MAY SOYOIL Support should appear near 3386 to 3377 and 3328 to 3319
Resistance should appear near 3425 to 3443 and 3493 to 3503.
MAY SOYMEAL
Resistance should appear near 271.6 to 272.4
Support should appear near 262.0 to 261.2
MAY CORN
Support should appear near 356 ¼ to 355 ¼ Resistance should appear near 366 ¼ to 368 ¼
MAY WHEAT Support should appear near 451 ½ to 450 ¼ under that a test of 444 ¾ to 442 ¼ is likely.
Resistance should appear near 458 ¼ and 463 ¾ to 465
THE LIVELY LIVESTOCK
JUNE CATTLE
Support should appear 12030 to 11920
Resistance should appear near 12320 to 12380
AUGUST CATTLE
Support should appear 11690 11640 and 11437
Resistance should appear near 11820 and 11920 to 12030
APRIL HOGS
Resistance should appear near 6742 to 6757 and 6807 to 6837
Support should appear near 6672 to 6657 and 6592 to 6577
JUNE HOGS
Resistance should appear near 8027 to 8047 and 8117 to 8137
Support should appear near 7867 to 7837 and 7777 to 7762 BW traders should go short if a close under 7932 occurs.
THE SATISFYING SOFTS
MAY COFFEE
Resistance should appear near 12030 and 12175. Support should appear near 11920 and 11690 to 11640
MAY COCOA Support should appear near 2829 to 2820 Resistance should appear near 2874 to 2884
MAY SUGAR Resistance is near 1453 to 1459 Support should appear near 1421 to 1415
MAY COTTON Support should appear near 5805 to 5792 Resistance should appear near 5945 to 5957.
Stay tuned for Flashes and Updates in all Markets
–A Ship in Harbor is Safe…But that is not what ships are built for –
Happy Trading!
Bill wil@futurescom.com Wednesday April 6th, 2016 7:20 PM South Florida Beach Time
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THIS PUBLICATION IS SUBJECT TO REVISIONS AND CONTAINS THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED TO OTHER SOURCES. WRITTEN PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES AND FOREIGN EXCHANGE TRADING IS RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL LOSS. THE USE OF OPTIONS AND OPTION TRADING INVOLVES A HIGH DEGREE OF RISK. THE USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS. SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS, FOREIGN EXCHANGE AND OPTIONS. TRADING FUTURES AND FOREIGN EXCHANGE ON MARGIN CARRIES A HIGH LEVEL OF RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PLEASE TRADE WITH CAPITAL YOU CAN AFFORD TO LOSE. PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. NO SOLICITATION IS MADE HERE FOR INDIVIDUALS TO BUY OR SELL FUTURES CONTRACTS, FOREIGN EXCHANGE OR OPTION MARKET. SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR ACCURACY. READERS ARE SOLEY RESPONSIBLE FOR HOW THEY USE THE INFORMATION AND FOR THEIR RESULTS. YOU SHOULD BE AWARE OF ALL THE RISKS ASSOCIATED WITH FUTURES AND FOREIGN EXCHANGE AND SEEK ADVICE FROM AN INDEPENDENT FINANCIAL ADVISOR IF YOU HAVE ANY DOUBTS, THE HIGH DEGREE OF LEVERAGE THAT IS OFTEN OBTAINABLE IN FUTURES AND FOREIGN EXCHANGE TRADING CAN WORK AGAINST YOU AS WELL AS FOR YOU. THE USE OF LEVERAGE CAN LEAD TO LARGE LOSSES AS WELL AS GAINS. INTERNET RISKS ; THERE ARE RISKS ASSOCIATED WITH UTILIZING AN INTERNET BASED SERVICE INCLUDING BUT NOT LIMITED TO, FAILURE OF HARDWARE, SOFTWARE AND INTERNET CONNECTION, FUTURESCOM EMPLOYS BACK-UP SYSTEMS AND CONTINGENCY PLANS TO MINIMIZE THE POSSIBILITY OF SYSTEM FAILURE
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